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Cathie Wood: AI Will Revolutionize Healthcare, Cut Drug Costs, and Save Lives

  • AI is revolutionizing healthcare by diagnosing cancers in early stages and aiding in cures for genetic diseases like sickle cell and beta thalassemia.
  • ARK Invest research indicates that AI could reduce the cost of developing a new drug from $2.4 billion to $600 million within five years and decrease the timeline from 13 years to as few as eight.
  • This efficiency in drug development could shift the U.S. healthcare system towards preventative care and cures, potentially transforming the industry.
  • AI's impact on healthcare goes beyond autonomous vehicles and humanoid robots, with the most profound applications expected in the healthcare sector.

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